Don’t Chase Trades; Let Them Come to You If trader win a trade, he try to force another winning trade and mostly lose in second trade. And if trader lose first trade, most of traders try to quickly make back what they lost on the next trade. This irrational behavior is mostly seen in… Read More »
One of the things that sets the best traders apart is their ability to constantly improve and innovate. By Constantly improving I mean learning from mistakes and not repeating the mistakes again. So how can you break your bad habits and become a better trader? Understand How your mind works – Most Important part… Read More »
On September 16, 1992 – later dubbed “Black Wednesday” — the day the British government abandoned the European Exchange Rate Mechanism (ERM), and the pound was devalued by 20% George Soros made over $1.2 billion on his short sterling trade and was dubbed “The Man Who Broke the Bank of England.” Soros funds management has… Read More »
If you are a LOSS making trader, Answer the below question to yourself Honestly. What is the main Reason for Your Trading Loss, We are running POLL on Twitter Please participate Unable to Understand Market Trend as it moves from Sideways to Trending or Is it your system or strategy? You are not having the… Read More »
DLF Close above 131 Tgt 136/139/144 Intraday Traders can use the below mentioned levels Buy above 131 Tgt 132.5,134.5 and 137 SL 129 Sell below 128.7 Tgt 127.2,125 and 123 SL 130 SBI Close above 200 Tgt 212/220 Intraday Traders can use the below mentioned levels Buy above 199 Tgt 201,205 and 208 SL… Read More »
Wilma Rudolph was born into a poor home in Tennessee. At age four, she had double pneumonia with scarlet fever, a deadly combination which left her paralysed with polio. She had to wear a brace and the doctor said she would never put her foot on the earth. But her mother encouraged her; she told… Read More »
SBI Close above 188 Tgt 199 Intraday Traders can use the below mentioned levels Buy above 186 Tgt 188.5,192 and 196 SL 184 Sell below 181 Tgt 179,176 and 173 SL 183 BHEL Close above 131 Tgt 136/139/141 Intraday Traders can use the below mentioned levels Buy above 131 Tgt 132.5,136 and 139 SL… Read More »
I always suggests trader to create a trading plan before markets opens and strictly execute the trades as per the plan. Its a well know adage Plan the trade and Trade the plan.Most of traders trade impulsively in trading,without any plan, they go as per there intuition and end result is losses. I have written… Read More »
Psychology matters more to trading or investing than perhaps any other income-producing activity. Here are some quotable quotes from some well known industry participants highlighting that reality… Anyone who claims to be intrigued by the “intellectual challenge of the markets” is not a trader. The markets are as intellectually challenging as a fistfight. Ultimately, trading… Read More »
Its an well known fact 90% of traders lose money and one of the reason for Losing is not having discipline in their trading. Many trader will say only people having insider Info,knowing a holy grail trading system,FII etc can make money. The fact is anyone can make money if he follows his trading plan… Read More »